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Clean water to stimulate development

Country

Algeria

Sector

Infrastructure Components and Equipment

Senior Debt Provided

US$17 million

The availability of clean water can profoundly change lives and societies, improving health and hygiene, reducing domestic toil and raising crop fertility and reliability. Abundant, clean, available water can stimulate development in the food processing and tourism and hospitality sectors.

In Algeria, Hoch International is investing US$24 million in expanding its steel water pipe making factory. Such advanced, precision, high-quality manufacturing brings new skills to a predominately local workforce. Mocha’s facility will supply local and export markets. EAIF loaned Hoch US$17 million in 2012.

Other projects

The Emerging Africa Infrastructure Fund has to date invested in 58 projects in 17 countries.

Satellites put Africa at global top table

Country: Africa / Sector: Telecoms

O3b’s medium orbit (MEO) satellite constellation puts Africa at the forefront of world telecommunicates technology. O3b stands for “the other 3 billion” referring to the three billion people in the world with no broadband connection in 2007.

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Addax Bioenergy – powering up Sierra Leone

Country: Sierra Leone / Sector: Agribusiness Power

The Addax Bioenergy operation consists of a sugarcane estate, an ethanol refinery and a biomass power plant. At full capacity, the sugar cane harvested from the 10,000 hectare estate will be processed to produce 85,000m3 of bioethanol annually, for export and domestic markets. During operations, the residual fibres from sugarcane processing, called bagasse, is used to fuel a 32MW electricity plant, which will supply up to 15MW of power to the national grid, helping to stabilise the country’s electricity supply.

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Dreamliners unlock Ethiopia

Country: Ethiopia / Sector: Transport

Ethiopia recorded steady high single figure growth in recent years. Land reforms, infrastructure investment and foreign direct investment in a number of sectors are all improving the economic outlook for one of the world’s poorest countries.

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